Exxon Mobil Corp. and Chevron Corp., their coffers swollen by last year’s record oil prices, are maneuvering to preserve a combined $40 billion in cash amid a global financial crisis that roiled the banking system. Full Story »
Posted by Jim Lang
this seems a study on oil companies potential downfall in profits based on the financial crisis at the moment and lower price of gas. there's no other voices here for real analysis of what this may or may not mean for the future of oil prices, energy costs, etc., nor any mention of what is may mean to lose the government subsidies to oil companies, which would have made it a better story..
